15Jan

Comex Trading Signals and Market News – 15 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Thursday even as the dollar weakened slightly in intraday trade.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery fell 0.49 to trade at $1,228.50 a troy ounce.Overnight, gold rose to the highest levels of the session on Wednesday, after data showed that retail sales in the U.S. fell more than expected in December, dampening optimism over the strength of the economic recovery. U.S. Commerce Department said that retail sales declined by a seasonally adjusted 0.9% last month, worse than expectations for a drop of 0.1%. Rising retail sales over time correlate with stronger economic growth, while weaker sales signal a declining economy.

• World oil prices had their biggest surge in two-and-a-half years on Wednesday, rebounding from a nearly six-year low as traders turned away from the bearish pressures of a worldwide glut to cover themselves on expiring options.U.S. and Brent crude staged blistering $2 rallies in the final half-hour of trade as dealers with options exposure scrambled to square their positions. Oil had earlier traded steady to lower following data showing that U.S. crude oil stockpiles rose far more than expected last week.Most dealers saw the late-day rebound as a temporary correction in the seven-month slump that wiped more than 60 percent off of oil prices, reluctant to call the bottom of a rout that has repeatedly defied forecasts of a floor.U.S. government data showed crude stocks rose 5.4 million barrels, more than 10 times what analysts had expected. Inventories at the Cushing, Oklahoma, delivery hub for the U.S. futures contract, rose 1.8 million barrels.

• U.S. natural gas prices soared on Wednesday, as investors reacted to a cooler shift in weather patterns.On the New York Mercantile Exchange, natural gas for delivery in February hit a session high of $3.118 per million British thermal units, the most since January 5, before trading at $3.107 during U.S. morning hours, up 16.4 cents, or 5.57%. Futures were likely to find support at $2.795 per million British thermal units, the low from January 13, and resistance at $3.176, the high from January 5.Updated weather forecasting models indicated that temperatures over the central U.S. would not be as warm as previously predicted, boosting near-term demand expectations for the heating fuel.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1233 TARGET 1238 1244 SL 1227
  • SELL GOLD BELOW 1225 TRAGET 1220 1214 SL 1231

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

15Jan
Forex trading

IForex Market Trading Signals and News – 15 January 2015

TRADING TIPS :

  • Forex-Dollar hovers at 12-year highs in risk-off trade, ECJ move hits euro.
  • Forex-NZD/USD slips lower in risk-off trade.
  • Forex-EUR/USD hits fresh 9-year lows after ECJ ruling.

GBP/USD
GBP/USD touched highs of 1.5223 overnight, before pulling back to 1.5168.Sterling remained under pressure after data on Tuesday showed that the annual rate of consumer inflation in the U.K. slowed to 0.5% last month from 1.0% in November.Consumer prices were unchanged from a month earlier, compared to expectations for an uptick of 0.1%.The report said inflation was flat in December due to falling gas and electricity costs. In addition, transport costs fell by 0.2% from a month earlier, due to falling petrol and diesel prices. The slowdown in inflation underlined expectations that the Bank of England will keep interest rates on hold at record lows for most of this year.

EUR/USD
EUR/USD hit 1.1727 during European morning trade, the pair’s lowest since November 2005 and was last at 1.1759. The drop in the euro came after the advocate general of the European Court of Justice, Pedro Cruz Villalon, advised judges to approve the ECB’s Outright Monetary Transactions program, a measure which was launched in 2012, with conditions.Also Wednesday, data showed that euro zone industrial production rose 0.2% in November, in line with expectations, but factory output was down 0.4% on a year-over-year basis.Meanwhile, oil was hit after the World Bank cut its forecasts for global growth on Tuesday, adding to fears over the faltering economic recovery. Oil prices continued to tumble on Wednesday after falling to almost six year lows in the previous session, after OPEC said it will not cut output despite a global supply glut.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5205-TG: 1.5225/1.5255 SL 1.5175
2. Sell GBP/USD Below 1.5140-TG: 1.5120/1.5090 SL 1.5170

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

15Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 15 January 2015

MARKET UPDATES :

  • Ezra Holdings, a Singapore-listed oilfield service company, said on Wednesday it had put on hold a plan to list its subsea services unit in the United States, prompted by unfavourable market conditions.”Given where the markets are, we have effectively put that on hold,” Eugene Cheng, group chief financial officer of Ezra, told Reuters.Mr Cheng said comparable companies were now trading at a ratio of three to four times EBITDA (earnings before interest, tax, depreciation and amortisation), down from seven to eight times EBITDA when Ezra was considering the option.
  • SINGAPORE remains the favoured Asean hub, where 80 per cent of multinational companies locate their regional head office, according to the latest findings of a Baker & McKenzie report released on Wednesday.Meanwhile, Indonesia and Myanmar were cited as the most preferred destinations for new factories over the next five years, followed by the Philippines and Vietnam. The number of factories in Indonesia is expected to rise by nearly 70 per cent over the next five years.
  • SINGAPORE shares ended lower on Wednesday with the Straits Times Index slipping 14.91 points to 3,326.16.Some 1.17 billion shares, valued at S$1.13 billion were traded. Gainers numbered 145 while losers numbered 256.
  • YING Li International Real Estate has signed a memorandum of understanding with Chongqing City Shangfu New Area Administrative Committee and Chongqing Hardware & Electrical Industry to develop a new mixed-development property.The property, a one-stop hardware and electrical appliances hub known as Ying Li International Hardware and Electrical Mall, will be in the Jiangnin District.The types of properties to be developed comprise high-grade retail shops, hotels, residential and a logistics distribution centre. The planned total gross floor area of the project is 1.6 million square metres and the initial investment of the project is estimated to be around 1.8 billion renminbi.
  • A Singapore navy ship has located the fuselage of the AirAsia plane that crashed into the sea late last month with 162 people on board, the city-state’s defence chief said on Wednesday.Defence Minister Ng Eng Hen said in a Facebook post he had been informed that one of Singapore’s navy ships involved in the search, MV Swift Rescue, “has located the fuselage of the AirAsia plane in the Java Sea”.
  • Golden Agri-Resources -Oilseed and Refining Businesses Will Take Time To Create Significant Contributions-: We are expecting moderate FFB production growth of 3-year CAGR of 4.7%. However, refining margin for its downstream remains thin due to stiff competition in Indonesia, and GGR is likely to offer competitive pricing to gain market share. Its oilseed business in China might also take a long time to turn around due to the huge overcapacity in the crushing industry.

STOCK RECOMMENDATION :

  • BUY CWT LTD ABOVE 1.695 TARGET 1.735 1.805 SL 1.645

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED

14Jan
forex-trading3

IForex Market Trading Signals and News – 14 January 2015

TRADING TIPS :

  • Forex-Dollar near recent highs as oil extends selloff.
  • Forex-Yen gains in early Asia with focus on oil price slump.
  • Forex-USD/CAD dips, still near 5-1/2 year highs.

GBP/USD
GBP/USD touching lows of 1.5078 after data on Tuesday showing the annual rate of U.K. inflation rose at the slowest rate since May 2000 in December.Official figures showed that annual rate of consumer inflation in the U.K. slowed to 0.5% last month, underlining expectations that the Bank of England will keep rates on hold this year.The annual rate of consumer inflation slowed to 0.5% last month the Office of National Statistics said, down from 1.0% in November. It was the lowest rate of inflation since May 2000. Economists had expected a smaller decline to 0.7%.Consumer prices were unchanged month-on-month, compared to expectations for a reading of 0.1% after falling 0.3% in November.

EUR/USD
EUR/USD down 0.36% to 1.1795.Data last week showed that consumer prices in the euro area fell in December for the first time since October 2009. The decline in consumer prices fuelled expectations that the European Central Bank could implement quantitative easing measures as soon as its next meeting on January 22.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose to 92.43, not far from the 12-year peaks of 92.76 scaled last week supported by weakness in the euro.The single currency remained under pressure amid speculation that the European Central Bank will embark on full blown quantitative easing as soon as its next meeting on January 22.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5195-TG: 1.5215/1.5235 SL 1.5165
2. Sell GBP/USD Below 1.5114-TG: 1.5094/1.5064 SL 1.5144

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

14Jan

Comex Trading Signals and Market News – 14 January 2015

INTERNATIONAL COMMODITY NEWS :

Copper prices plunged in Asia on wednesday with investors pointing to demand concerns in China, but no specific events that would trigger a further decline from overnight. Copper for March delivery plunged 4.30% to $2.492 a pound, after hitting a daily overnight low of $2.639, a level not seen since August 2009.Strong trade data from China on Tuesday, the world’s largest copper consumer, failed to boost sentiment.The Asian nation reported a trade surplus of $49.6 billion in December, broadly in line with expectations. Exports jumped 9.7% in December, but imports rose by a smaller-than-forecast 2.4%, pointing to weak domestic demand.

Gold prices dipped in Asia on Wednesday though physical demand prospects offered some support in India and China as weaker prices attracted jewelry makers..On the Comex division of the New York Mercantile Exchange, gold futures for February delivery fell 0.64% to $1,226.50 a troy ounce.Overnight, gold rose to a 12-week high on Tuesday, before trimming some of those gains as the U.S. dollar strengthened and stock markets rebounded from the previous day’s losses. Gold remained supported after the latest U.S. jobs report last week showed a surprise drop in hourly wages, suggesting that the Federal Reserve could keep rates on hold for longer. The precious metal lost nearly 2% in 2014 amid indications a strengthening U.S. economic recovery will force the Fed to start raising interest rates sooner and faster than previously thought.A delay in raising interest rates would be seen as bullish for gold, as it decreases the relative cost of holding on to the metal, which doesn’t offer investors any similar guaranteed payout.

Oil prices slid in early Asian trade on Wednesday after touching their lowest in nearly six years the previous session, with analysts predicting further falls as oversupply plagues the market.Oil tumbled 5 percent to near six-year lows on Tuesday, with the Brent crude international benchmark briefly trading at par to U.S. prices for the first time in three months as some traders moved to take advantage of ample U.S. storage space.Oil storage trends also imply further price falls, with U.S. stocks possibly approaching 80 percent
of capacity by the upcoming spring season, according to U.S.-based PIRA Energy Group.

• U.S. natural gas prices rebounded on Tuesday, as investors returned to the market to seek cheap valuations in wake of recent losses which took prices to the lowest level in more than two years.On the New York Mercantile Exchange, natural gas for delivery in February rallied 7.9 cents, or 2.83%, to trade at $2.874 per million British thermal units during U.S. morning hours.A day earlier, natural gas hit $2.783, a level not seen since September 2012, before settling at $2.795, down 15.1 cents, or 5.13%, as forecasts showed a return to milder weather in the second half of January.

TRADING STRATEGY :

  • SELL GOLD BELOW 1224 TARGET 1219 1213 SL 1230
  • BUY GOLD ABOVE 1240 TARGET 1245 1251 SL 1234

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

14Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 14 January 2015

MARKET UPDATES :

  • BUSINESS costs and manpower remain key areas of concern for businesses, according to the pre-Budget survey conducted by the Institute of Singapore Chartered Accountants (ISCA).Of the government schemes, businesses find the Productivity and Innovation Credit (PIC), PIC Bonus, WCS, and PIC+ for qualifying SMEs to be relatively more useful for raising productivity. Businesses express the desire for such schemes to remain for at least three to 10 years, in order for businesses to be effective in raising productivity, said ISCA on Tuesday.
  • THE Singapore government is currently reviewing the Prevention of Corruption Act and will beef up the manpower of the Corrupt Practices Investigation Bureau (CPIB) by more than 20 per cent.These and other initiatives were announced by Prime Minister Lee Hsien Loong at the inaugural “Integrity in Action” public service values conference organised by the CPIB and the Civil Service College. Mr Lee also announced the setting up of a new one-stop corruption reporting centre – likely to be housed in the city area – so that complaints can be made more discreetly and in a more accessible manner. This reporting centre will be co-located with a permanent heritage gallery to educate members of the public.
  • Singapore’s non-oil domestic exports in December were expected to fall versus a year earlier, a Reuters poll found, after recent business surveys showed the global economy ended 2014 on weak footing.Singapore’s non-oil domestic exports (NODX) in December were expected to have fallen 2.3 per cent from a year earlier, according to the median forecast in the survey of 12 economists, after rising 1.6 percent year-on-year in November.
  • Singapore Press Holdings (SPH) through its new $100 million media fund has invested in Netherlands-based Crowdynews, a social media curation platform for media companies that just raised €2.5 million (S$3.9 million) in its first round of venture capital funding. It plans to use the funds to continue its global expansion with media and newspaper companies. Customers include the Chicago Tribune, Washington Times, AccuWeather and hundreds of other media outlets around the world.
  • Singapore – MAS set to ease its exchange rate policy stance-:The Monetary Authority of Singapore (MAS) officially easing monetary policy in April. nderlying the change in our view is the weaker outlook for headline inflation, which could have made the central bank more concerned. Headline inflation is likely to end the year at a paltry 0.6%yoy, with bouts of negative prints likely over the year. Domestic demand is unlikely to provide much support, weighed down by a correction in the property market and household debt overhang. Yet, global growth is still moribund with Europe stagnant and Chinese growth slowing, at least until the positive impact of lower oil prices translates into stronger global demand.
  • India’s move to hike the import duties on crude edible oils and refined edible oils by 5% pts to 7.5% and 15%, respectively, is negative for palm oil producers but positive for Indian farmers and refiners. This decision does not come as a surprise to us as the oilseed industry has lobbied the government to raise the import duties for edible oils since the middle of this year. The higher duties will reduce the competitiveness of imported palm oil in India against locally produced edible oils.

STOCK RECOMMENDATION :

  • BUY DATASONIC ABOVE 1.225 TARGET 1.255 1.305 SL 1.175

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED

13Jan

Comex Trading Signals and Market News – 13 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices eased lower in early Asia on Tuesdya with investors warily eyeing the global commodity complex as crude oil continues to plunge.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at 1.230.90 a troy ounce, down 0.15%, while silver futures for March delivery climbed 0.05% to trade at $16.572an ounce.Overnight, copper prices fell to a more than five-year low on Monday, as growing concerns over a slowdown in global demand combined with a broadly stronger U.S. dollar dampened the appeal of the red metal.Copper for March delivery on the Comex hit a daily low of $2.700 a pound, a level not seen since October 2009, before trading at $2.717 during U.S. morning hours, down 1.37%. On early Tuesday in Asia, copper futures were flat at 2.722 a pound.Copper fell after data showed that Chinese producer price inflation dropped by the most in two years in December, underling concerns over a slowdown in demand.The Asian nation is the world’s largest copper consumer, accounting for almost 40% of world consumption last year.

Crude oil prices fell further in Asia on Tuesday ahead of U.S. stocks data and on the back of major downgrades in price forecast by leading banks.Later Tuesday, the American Petroleum Institute will release its estimates of crude, distillate and gasoline stocks in the U.S., to be followed on Wednesday by more closely watched Department of Energy figures on the same items.On the New York Mercantile Exchange, crude oil for delivery in February fell to $45.74 a barrel, down 0.73%.

• U.S. natural gas prices were down sharply on Monday, as forecasts showed a return to milder weather in the second half of January after a polar blast last week.On the New York Mercantile Exchange, natural gas for delivery in February tumbled 10.7 cents, or 3.65%, to trade at $2.839 per million British thermal units during U.S. morning hours, after hitting a daily low of $2.832. Meanwhile, the U.S. Energy Information Administration’s next storage report is slated for release on Thursday, January 15, with analysts expecting a decline of 192 billion cubic feet for the week ending January 9.Inventories fell by 268 billion cubic feet in the same week a year earlier, while the five- year average change is a drop of 190 billio cubic feet. Natural gas storage in the U.S. fell by 131 billion cubic feet last week.

• A diplomatic push by Venezuela and Iran for an OPEC oil output cut has failed to soften the refusal of the group’s Gulf members to do so for now, delegates said on Monday.An oil price sinking under $49 a barrel on Monday is twisting the knife in Venezuela’s steadily shrinking economy and in sanctions-bound Iran.Venezuelan President Nicolas Maduro on Sunday met Saudi Arabia’s Crown Prince Salman in Riyadh before heading to Qatar and Algeria on a tour to discuss the oil price crisis.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1242 TARGET 1247 1253 SL 1236
  • SELL GOLD BELOW 1230 TARGET 1225 1219 SL 1236

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

13Jan

IForex Market Trading Signals and News – 13 January 2015

TRADING TIPS :

  • Forex-Dollar index holds near 12-year peak in light trade.
  • Forex- Yen flat to stronger after current account surplus data.
  • Forex-EUR/USD remains close to 9-year lows in subdued trade.

GBP/USD
GBP/USD hit 1.5099 during European morning trade, the session low; the pair subsequently consolidated at 1.5120, shedding 0.25%. Cable was likely to find support at 1.5032, the low of January 8 and an 18-month low and resistance at 1.5337, the high of January 5. The pound slid to nearly 18-month lows against the U.S. dollar in quiet trade on Monday, as demand for the greenback remained broadly supported despite Friday’s downbeat U.S. average earnings data.The Labor Department reported on Friday that the economy added 252,000 jobs in December, more than the 240,000 forecast by economists. The unemployment rate ticked down to a six-and a-half year low 5.6%.However, average earnings fell by 0.2% last month and were up by only 1.7% from a year earlier.

EUR/USD
EUR/USD hit 1.1786 during European afternoon trade, the session low; the pair subsequently consolidated at 1.1814, shedding 0.24%. The pair was likely to find support at 1.1753, the low of January 8 and a nine-year low and resistance at 1.1969, the high of January 6. Sentiment on the euro remained vulnerable amid speculation that the European Central Bank will embark on full blown quantitative easing as soon as its next meeting on January 22. The euro remained near nine-year lows against the U.S. dollar in subdued trade on Monday, as expectations for fresh stimulus measures in the euro zone continued to weigh, while demand for the greenback remained broadly supported.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5218-TG: 1.5238/1.5268 SL 1.5188
2. Sell GBP/USD Below 1.5145-TG: 1.5125/1.5095 SL 1.5175

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

13Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 13 January 2015

MARKET UPDATES :

  • SINGAPORE shares end higher on Monday.The Straits Times Index gained 6.45 points to 3,344.89.Some 1.1 billion shares, valued at S$906.1 million were traded. Gainers numbered 159 while losers numbered 245.
  • M1 has appointed Keppel veteran Choo Chiau Beng as chairman and non-executive director, following the death of the telco’s previous chairman, Teo Soon Hoe, in December.Mr Choo was a director at Keppel Corporation from 1983 to 2013. He also served as the group’s CEO from 2009 to 2013, before becoming a senior advisor to the corporation last year. He is also currently a director of KrisEnergy Ltd.
  • TEE Land’s net profit for the second quarter ended November 2014 rose 46 per cent to S$2.42 million, on the back of revenue jumping from S$2.44 million to S$15.12 million.For the half year ended November, net profit doubled from S$2.23 million to S$5.11 million. Revenue rose from S$16.01 million to S$21.56 million.The hike in net profit was due to higher progressive revenue being recognised for its Aura 83 development as well as increased contributions from its associates.
  • Lowrys Farm, a Japanese casual wear fashion brand targeting young working adults, has decided to exit the Singapore market, closing all its eight stores. The stores are currently located in Bugis+, Plaza Singapura, VivoCity, [email protected], Jem, Suntec City Mall, Wisma Atria and Tampines 1. A key reason cited for the brand’s pullout was slow sales, attributable to differences in ‘climate’ and ‘fashion taste’.
  • CREDIT Suisse now believes Singapore’s central bank will ease monetary policy in April, considering the weaker inflation outlook and subdued GDP (gross domestic product) growth prospects.Even so, the labour market continues to remain tight, and a still-healthy job market will likely limit the extent of easing by the Monetary Authority of Singapore (MAS), Credit Suisse research analysts said in a note on Monday.
  • OLAM International said on Monday that it has agreed to sell wool broker Western Wool Marketing to Quality Wool, marking the Singapore commodities group’s exit from its niche Australian wool business.Western Wool Marketing – owned by Queensland Cotton, a wholly-owned subsidiary of Olam Australia – has stores throughout NSW and Victoria. The acquisition will make Quality Wool one of Australia’s largest, independent, family-owned and operated wool companies.
  • EZRA Holdings’ wholly owned subsidiary London Marine Consultants has been awarded a US$110 million contract by Sembcorp Marine’s subsidiary, Jurong Shipyard of Singapore, to supply an external turret mooring system for the Libra field’s Extended Well Test Floating Production, Storage and Offloading (FPSO) vessel. The Libra oil field is a large ultra-deepwater (up to 2,500 metres) oil prospect located in the Santos Basin, about 230 kilometres off the coast of Rio de Janeiro, Brazil, north of Tupi field. The oil field, estimated to contain recoverable resources ranging between eight billion to 12 billion barrels of oil, is one of the largest deepwater oil accumulations globally.

STOCK RECOMMENDATION :

  • BUY CHIP ENG SERG ABOVE 0.900 TARGET 0.950 1.000 SL 0.840

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED

12Jan

Comex Trading Signals and Market News – 12 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold price gained slightly in early Asia on Monday in a light regional data day and the focus on the dollar.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery trade at $1,223.80 a troy ounce, up 0.04%.The US dollar index, which measures the dollar against a basked of six major currencies, fell 0.22% to 91.98.Last week, gold rallied to the highest level in almost four weeks on Friday, after the latest U.S. jobs report showed a surprise drop in hourly wages, suggesting that the Federal Reserve could keep rates on hold for longer.The Labor Department reported that the U.S. economy added 252,000 jobs in December, above expectations for jobs growth of 240,000. The unemployment rate ticked down to a six-and-a-half year low 5.6% from 5.8% in November. Economists had forecast a decline to 5.7%.

Brent oil fell to a five-and-a-half year low on Friday, as investors continued to focus on a glut in global supplies.On the ICE Futures Exchange in London, Brent for February delivery hit a session low of $48.90 a barrel, a level not seen since April 2009, before settling at $50.11, down 85 cents, or 1.67%.On the week, the February Brent contract plunged $6.31, or 11.18%, the seventh consecutive weekly decline.Elsewhere, on the New York Mercantile Exchange, crude oil for delivery in February slumped 43 cents, or 0.88%, on Friday to end the week at $48.36 a barrel. WTI oil fell to $46.83 on January 7, the weakest level since April 2009.

Crude oil prices plunged in Asia on Monday with oversupply concerns gaining traction in the face of weak global demand.On the New York Mercantile Exchange, crude oil for delivery in February slumped 1.35% at $47.41 a barrel.Last week, Brent oil fell to a five-and-a-half year low on Friday, as investors continued to focus on a glut in global supplies.On the ICE Futures Exchange in London, Brent for February delivery hit a session low of $48.90 a barrel on Friday.Oil prices pared losses towards the end of the session after industry research group Baker Hughes said the number of rigs drilling for oil in the U.S. fell by 61 last week to 1,421. It was the largest weekly drop since February 1991.The number of oil rigs has declined in 10 of the last 13 weeks since hitting an all-time high of 1,609 in mid-October.

• U.S. natural gas futures edged higher on Friday, but gains were limited as investors monitored shifting weather forecasts for further indications on the outlook for U.S. demand and supply levels.On the New York Mercantile Exchange, natural gas for delivery in February tacked on 1.9 cents, or 0.65%, on Friday to settle at $2.946 per million British thermal units by close of trade.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1230 TARGET 1235 1241 SL 1224
  • SELL GOLD BELOW 1221 TARGET 1216 1210 SL 1227

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

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